Business

Although the VAMC is hoped to resolve the problem of rising bad debts, banks have shown little interest in the company.

The European Commission Directorate General for Trade will meet on June 11 to unveil the Trade Sustainability Impact Assessment for the EU-Vietnam Free Trade Agreement.

Tourism managers must find solutions to deal with several problems in the industry so as to improve the country’s attractiveness, one official has said.

Deputy Prime Minister Hoang Trung Hai has asked the State Bank to consider increasing credit quota to farming households, and work with the Ministry of Agriculture and Rural Development to improve farmers’ access to capital.

The famous UK automobile manufacturer Rolls-Royce Motor Cars is expected to establish agents in Vietnam and Nigeria by 2014, according to the Voice of Russia.

Scores of Vietnamese shrimp processors and exporters are working with relevant agencies, lawyers and shrimp breeders to fight back the US Department of Commerce's recent levy of anti-subsidy duty on frozen warm-water shrimp imported from Vietnam.

If the Law on Enterprises is not properly amended, it would put nearly 3,000 enterprises on the brink of filing for bankruptcy, according to an official.

A business forum between Vietnam and Malaysia was held in Kuala Lumpur on June 7, drawing nearly 100 businesses from both countries.

The Hanoi People's Committee has approved new rates for services in apartment buildings.

UK Minister of Trade and Investment Lord Green will visit Vietnam next week to strengthen UK-Vietnam trade and investment ties, according to the British Embassy in Hanoi.

The branch of Vietinbank in Phu Yen Province has sued Vung Ro Port Company for its delay in repaying VND13.7 billion in debts.

IT workers are in high demand with the industry developing fast, said Tran Anh Tuan, deputy director of the Centre of Forecasting Manpower Needs and Labor Market Information in HCM City.

NA deputies are worried that the renewal of business licenses for FDI firms that use backward technologies may turn Vietnam into the dumping ground of the world.

The Ministry of Industry and Trade has just announced a list of 307 reliable Vietnamese exporters for the 2012-2013 period.

The Buon Ma Thuot Coffee Association has been taking measures to protect and promote its brand from hostile foreign competitors.

NA deputy proposed making the State Bank of Vietnam and the General Statistics Office become independent bodies.

NA deputies discussed the wasteful management that is rampant among local state agencies and departments.

The 22 nd World Economic Forum on East Asia, hosted by Myanmar for the first time, began its first session in the Myanmar capital city of Nay Pyi Taw on June 5.

Banks which try to hide their bad debts and do not want to sell the debts will face inspections by the State Bank of Vietnam.